Tuopu Group shareholders approve key resolutions at meeting

Ningbo Tuopu Group announced the resolutions passed at its second extraordinary general meeting of shareholders for 2025. Key approvals included a resolution regarding the provision of a performance guarantee for a wholly-owned subsidiary, which passed with near unanimous support (99.9058%) from attending shareholders. Another approved resolution concerned the increase of estimated external guarantee, with 96.2695% shareholder approval. Additionally, shareholders voted in favor of changing the use of a portion of raised funds, securing 99.8889% support. The meeting, held on July 3, 2025, saw 1,268 shareholders and proxies representing 64.8877% of the company's total voting shares. The board of directors affirmed the legality and validity of the meeting's procedures and resolutions.